The Indian Angel Network (IAN) has led a round of Rs 2.7 crore in Gurgaon-based Wedmegood.com, a wedding portal that helps prospective couples plan their big day from planning to execution. Hemant Kanakia and Alok Mittal have led this round of investment on behalf of IAN; with Kanakia joining the board of the company.NEW DELHI:MoFirst Solutions, a company that developed the first regional mobile operating system (OS) FirsTouch, has received funding from angel investors such as Snapdeal co-founders Rohit Bansal and Kunal Bahl, Quikr founder Pranay Chulet, and InMobi co-founders Naveen Tewari and Amit Gupta, and Temasek Holdings' associate director, Mayank Singhal, a top executive said.

He, however, declined to comment on the quantum of investment received from these angel investments, but an industry source said that the total angel investment is under $5 million.

Deskhmukh, also a co-founder of Mumbai-based MoFirst Solutions and an IIT graduate, said that the company is now preparing for an institutional round of funding to raise an additional $5 million in the coming one month.

MoFirst, which was founded in 2008 by Deskhmukh, along with fellow IIT graduates Akash Dongre and Sudhir Bangarambandi, will use the funds to strengthen its product development team. It is looking to hire 150 new engineers to take the total employee base to 200 in the near future.

The company currently has a tie-up with India’s second largest smartphone maker Micromax. Under the partnership, Micromax’s nine smartphone models come equipped with the FirsTouch OS.

Asked if FirsTouch will look at partnering with other handset vendors in India, Deskmukh said the focus this year is to solidify the Micromax partnership, but didn’t rule out the possibility of tie-ups with other brands in 2016.

The company is now targeting 100 million smartphones running on FirsTouch OS by end of 2018.

“In a very short time, we have reached one million first-time smartphone households in rural India, communicating and interacting in 10 Indian languages through our OS,” Deshmukh said.

FirsTouch OS currently supports 10 major Indian languages. In addition, it comes with its own regional app store, called App Bazaar, which is integrated with carrier billing payment gateway.

The major focus would go towards populating the App Bazaar, Deshmukh said, adding that the company is currently looking for partners to add more app-based value-added services such as news and astrology that have higher uptake among regional users.

Jio’s Rs 2,399 annual plan offers 2GB per day data that costs effectively Rs 200 per month. It also offers unlimited voice and SMS. Airtel and Vodafone Idea’s Rs 2398 and Rs 2399 annual plans, on the other hand, offer 1.5GB per day data along with unlimited voice and SMS